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$ 1,150,000
Est. payment | /mo
5 Beds
3 Baths
2,200 SqFt
$ 1,150,000
Est. payment | /mo
5 Beds
3 Baths
2,200 SqFt
Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $522
MLS Listing ID 260008422
Bedrooms 5
Full Baths 5
Property Sub-Type Com-Res Income
Property Description
1426 E 16th Street presents a rare opportunity to acquire a 5 unit multifamily property in National City with strong value add potential and future development upside. The property consists of five 1 bedroom 1 bathroom units situated on a large 10,075 square foot RS 2 zoned lot. A new owner will have the ability to begin improvements on multiple units in the near term, allowing for an accelerated repositioning strategy and increased rental income. Current rents in the occupied income producing units are below market, creating a clear path to upside through interior renovations. The large lot and zoning may also provide future expansion or development potential, offering multiple strategies for a new owner to explore. Conveniently located near Interstate 5, Downtown San Diego, and major retail corridors, the property benefits from strong rental demand and continued growth in the surrounding area.
Location
State CA
County San Diego
Area South Bay
Interior
Cooling None
Fireplace No
Exterior
View Y/N No
Building
Dwelling Type Apartment
Story 1
Others
Senior Community No
Tax ID 561-110-21-00
Listed by Jordan A Concepcion, DRE#01936834 Apartment Realty Group (ARG)
NEARBY SCHOOL & BUSINESS
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Reyna Perea Lopez
Agent | License ID: 02118739